KELOWNA, BC, Nov. 22, 2011 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX) ("Metalex", the "Company") is pleased to report that our geological field technician reports that kimberlite has been intersected while core drilling a 18 hectare geophysical target underlying the flood plain of the Cuango River in Angola.

The kimberlite reported was intersected at 21.8 meters depth beneath the river sands to the depth at which drilling continues at 32.6 meters. Our geological field technician has identified the core as kimberlite and has noted the presence of a purple pyrope garnet.

The two large (7 and 18 hectare) targets tested by this drill program have been confirmed by our field technician as kimberlite. Both targets lie within the flood plain of the Cuango River where downstream abundant alluvial diamonds are being mined. Though the Cuango River is one of the most diamondiferous rivers in the world, the source of the diamonds has not been discovered. Indicator minerals including purple pyrope G10 garnets with compositions favourable for diamonds are present downstream from these kimberlites but not upstream suggesting that one or both of these could be the source of the alluvial diamonds being mined downstream.

Metalex looks forward to completing the drilling of this hole and testing the core for diamonds and diamond indicator minerals.

Regards,

Hg